One Capital Management LLC Cuts Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

One Capital Management LLC trimmed its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 63.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,672 shares of the company’s stock after selling 4,566 shares during the period. One Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $521,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MTUM. First Personal Financial Services purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $27,000. Able Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $28,000. Woodmont Investment Counsel LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $28,000. GAMMA Investing LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $29,000. Finally, Wellington Shields & Co. LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $42,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $197.13 on Wednesday. The stock has a market cap of $10.67 billion, a P/E ratio of 18.53 and a beta of 1.10. The stock’s 50 day simple moving average is $191.78 and its 200 day simple moving average is $189.06. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60.

About iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years.